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-Economic effects of tax policy Archive

Treasury Will Allow States to Take ARP Funds and Cut Taxes, With Some Guardrails

TweetShareSharePin0 Shares On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan’s (ARP) $350 billion in direct state and local aid, including details on how it will implement the law’s restriction on using ARP funds for state tax cuts. Treasury’s rules give states plenty of flexibility. But there are limits, and
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